SMG (The Scotts Miracle Gro Co) Total Inventories : $910 Mil (As of Dec. 2024)

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What is The Scotts Miracle Gro Co Total Inventories?

The Scotts Miracle Gro Co's total inventories for the quarter that ended in Dec. 2024 was $910 Mil. The Scotts Miracle Gro Co's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $749 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Scotts Miracle Gro Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-52.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Scotts Miracle Gro Co's Days Inventory for the three months ended in Dec. 2024 was 212.16.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Scotts Miracle Gro Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.43.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. The Scotts Miracle Gro Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.80.

The Scotts Miracle Gro Co Total Inventories Historical Data

The historical data trend for The Scotts Miracle Gro Co's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The Scotts Miracle Gro Co Total Inventories Chart

The Scotts Miracle Gro Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Total Inventories

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621.90

1,126.60

1,343.50

880.30

587.50

The Scotts Miracle Gro Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Total Inventories	Get a 7-Day Free Trial															1,169.60	824.30	606.80	587.50	909.80

The Scotts Miracle Gro Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

The Scotts Miracle Gro Co (NYSE:SMG) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

The Scotts Miracle Gro Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is

	Net-Net Working Capital Per Share (Q: Dec. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(9.8	+	0.75 * 213.6	+	0.5 * 909.8	-	3649.7
-	0	-	0)	/	57.454
=	-52.65

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

The Scotts Miracle Gro Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	748.65	/	322	*	365 / 4
	=	212.16

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

The Scotts Miracle Gro Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2024 )	/	Average Total Inventories (Q: Dec. 2024 )
	=	322	/	748.65
	=	0.43

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

The Scotts Miracle Gro Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	748.65	/	416.8
	=	1.80

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

The Scotts Miracle Gro Co Total Inventories Related Terms

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The Scotts Miracle Gro Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Scotts Miracle Gro Co (NYSE:SMG) » Definitions » Total Inventories

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0L45:UK SCQA:Germany

Address

14111 Scottslawn Road, Marysville, OH, USA, 43041

Website

https://www.scottsmiraclegro.com

Scotts Miracle-Gro is the largest purveyor of home lawn and gardening products in the us. The business consists of three reporting segments: us consumer, Hawthorne, and other. The us consumer segment consists of a broad range of lawncare products, including grass seed, fertilizer, and lawn-related weed, animal, and disease control. us consumer typically generates the vast majority of companywide revenue and profits. Hawthorne sells indoor gardening and hydroponic equipment, particularly to the cannabis growing industry, while the other segment primarily consists of lawn and gardening products sold in Canada. Its lawncare and gardening products are well-recognized brands in the us, including Scotts, Miracle-Gro, Roundup, Ortho, and Tomcat.

Executives

Hagedorn Partnerships L P	10 percent owner	SCOTTS MIRACLE-GRO PRODUCTS INC, 800 PORT WASHINGTON BLVD, PORT WASHINGTON NY 11050
Brian E Sandoval	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Christopher Hagedorn	officer: EVP, Division President	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James Hagedorn	director, 10 percent owner, officer: President and CEO	C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Nathan Eric Baxter	10 percent owner	C/O HAGEDORN PARTNERSHIP, L.P., 800 PORT WASHINGTON BOULEVARD, PORT WASHINGTON NY 11050
Robert Hagedorn	10 percent owner	C/O HAGEDOM PARTNERSHIP LP, 800 WASHINGTON BLVD, PORT WASHINGTON NY 11050
Stephen L Johnson	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Nancy G. Mistretta	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Kelly Thomas N Jr	director	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Julie Demuesy	officer: SVP, CHIEF HUMAN RESOURCES	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Mark D Kingdon	director	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Edith Aviles	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Dimiter Todorov	officer: EVP, GC & CORPORATE SECRETARY	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Matthew E Garth	officer: EVP & CFO	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
David C Evans	officer: EVP and CFO	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041